Arsenal manager, Mikel Arteta, could be backed with up to £100 million to sign three key players this summer, the UK Sun reports.
The Gunners finished in eighth place in the Premier League last season, but won the FA Cup.
A big squad rebuild is expected at the Emirates before next season, with Arteta set to revamp the playing staff.
With a deal for out-of-contract Chelsea winger Willian expected to be completed soon, Arsenal’s next three primary targets are Thomas Partey, Gabriel Magalhaes and Dani Ceballos.
Atletico Madrid’s Partey has been a long-term target for the club, as they seek to bolster their midfield. The Spanish giants are holding out for his £45million release clause and are refusing to lower their demands.
Brazilian centre-back Gabriel from Lille is also highly regarded by Arteta and could be purchased for around £25 million.
Also, the club wants to extend Ceballos’ loan from Real Madrid for another season after an impressive end to the campaign. However, Real Madrid want to sell the Spaniard on a permanent deal and are asking for £30 million.
Given the financial impact of the COVID-19, Arsenal would have to sell before they buy.
Lucas Torreira, Ainsley Maitland-Niles, Shkodran Mustafi and Matteo Guendouzi could all be offloaded to raise funds.